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Danish (OMX) Market Analysis & Valuation

UpdatedJun 06, 2026
DataAggregated Company Financials
Companies128
  • 7D-1.5%
  • 3M5.6%
  • 1Y-20.0%
  • YTD-5.5%

Over the last 7 days, the market has dropped 1.0%, driven by a pullback of 2.9% in the Healthcare sector. Meanwhile, the Industrials sector has outperformed, gaining 3.3% in that time. In the last 12 months the market is down 18%. Looking forward, earnings are forecast to grow by 9.1% annually.

Trending IndustriesBiotech

Market Valuation and Performance

Has the Danish Market valuation changed over the past few years?

DateMarket CapRevenueEarningsPEAbsolute PEPS
Sat, 06 Jun 2026DKK 4.0tDKK 2.1tDKK 245.5b16.5x16.2x1.9x
Mon, 04 May 2026DKK 3.9tDKK 2.0tDKK 236.0b16.2x16.6x2x
Wed, 01 Apr 2026DKK 3.7tDKK 2.0tDKK 237.5b15.1x15.4x1.8x
Fri, 27 Feb 2026DKK 3.8tDKK 2.0tDKK 237.6b16.7x15.9x1.9x
Sun, 25 Jan 2026DKK 4.5tDKK 1.9tDKK 260.8b17x17.4x2.3x
Tue, 23 Dec 2025DKK 4.0tDKK 1.9tDKK 260.6b16.1x15.5x2.1x
Thu, 20 Nov 2025DKK 3.9tDKK 2.0tDKK 262.6b14.6x15x2x
Sat, 18 Oct 2025DKK 4.1tDKK 1.9tDKK 287.5b15x14.1x2.1x
Mon, 15 Sep 2025DKK 4.0tDKK 1.9tDKK 287.3b15x13.9x2.1x
Wed, 13 Aug 2025DKK 3.9tDKK 1.9tDKK 272.9b15.4x14.1x2x
Fri, 11 Jul 2025DKK 4.5tDKK 1.9tDKK 261.9b15.8x17.2x2.4x
Sun, 08 Jun 2025DKK 4.7tDKK 1.9tDKK 263.4b15.7x17.9x2.5x
Tue, 06 May 2025DKK 4.5tDKK 1.9tDKK 259.0b14.5x17.3x2.4x
Thu, 03 Apr 2025DKK 4.5tDKK 1.9tDKK 260.6b14.4x17.1x2.4x
Sat, 01 Mar 2025DKK 5.4tDKK 1.9tDKK 264.4b13.7x20.5x2.9x
Mon, 27 Jan 2025DKK 5.2tDKK 1.8tDKK 237.8b14.1x21.9x2.9x
Wed, 25 Dec 2024DKK 5.2tDKK 1.8tDKK 238.3b13.9x22x2.9x
Fri, 22 Nov 2024DKK 5.7tDKK 1.8tDKK 237.6b14.1x24x3.1x
Sun, 20 Oct 2024DKK 6.2tDKK 1.7tDKK 181.1b15.7x34.2x3.5x
Tue, 17 Sep 2024DKK 6.7tDKK 1.7tDKK 180.1b15.5x37.3x3.9x
Thu, 15 Aug 2024DKK 6.6tDKK 1.7tDKK 181.5b16.3x36.3x3.8x
Sat, 13 Jul 2024DKK 6.9tDKK 1.7tDKK 185.2b14.8x37.4x4x
Mon, 10 Jun 2024DKK 7.0tDKK 1.7tDKK 184.7b14.8x37.6x4.1x
Wed, 08 May 2024DKK 6.5tDKK 1.7tDKK 189.0b14.8x34.3x3.8x
Fri, 05 Apr 2024DKK 6.4tDKK 1.7tDKK 192.4b15x33x3.7x
Sun, 03 Mar 2024DKK 6.3tDKK 1.7tDKK 192.2b13.7x32.8x3.7x
Tue, 30 Jan 2024DKK 5.8tDKK 1.8tDKK 217.0b13.9x26.7x3.3x
Thu, 28 Dec 2023DKK 5.5tDKK 1.8tDKK 215.5b13.4x25.6x3.1x
Sat, 25 Nov 2023DKK 5.5tDKK 1.8tDKK 216.6b13.2x25.3x3.1x
Mon, 23 Oct 2023DKK 5.2tDKK 1.9tDKK 284.9b12.7x18.4x2.8x
Wed, 20 Sep 2023DKK 5.3tDKK 1.9tDKK 283.2b13.4x18.7x2.8x
Fri, 18 Aug 2023DKK 5.3tDKK 1.9tDKK 279.8b13.3x19.1x2.9x
Sun, 16 Jul 2023DKK 5.0tDKK 1.9tDKK 318.0b13.4x15.8x2.6x
Tue, 13 Jun 2023DKK 5.1tDKK 1.9tDKK 325.1b14.3x15.7x2.6x
Price to Earnings Ratio

15.7x


Total Market Cap: DKK 5.1tTotal Earnings: DKK 325.1bTotal Revenue: DKK 1.9tTotal Market Cap vs Earnings and Revenue0%0%0%
Danish Market Price to Earnings3Y Average 22.4x202420252026
Current Market PE
  • Investors are pessimistic on the Danish market, indicating that they anticipate earnings will not grow as fast as they have historically.
  • The market is trading at a PE ratio of 16.2x which is lower than its 3-year average PE of 22.4x.
Past Earnings Growth
  • The earnings for Danish listed companies have declined 8.9% per year over the last three years.
  • Meanwhile revenues have been flat.
  • This means that either the cost of doing business or the level of investment back into businesses is increasing since sales have remained steady while profits have fallen.

Sector Trends

Which sectors have driven the changes within the Danish Market?

DK Market-1.52%
Energy2.94%
Tech2.77%
Industrials1.80%
Real Estate1.18%
Materials-1.45%
Telecom-2.15%
Utilities-2.31%
Financials-2.52%
Healthcare-2.88%
Consumer Discretionary-2.97%
Consumer Staples-4.48%
Sector PE
  • Investors favour the Tech sector the most for future growth, which is trading close to its 3-year average PE ratio of 55.3x.
    • The market's confidence is likely because analysts are expecting annual earnings growth of 36.4% which is higher than its past year's earnings decline of 33.5% per year.
Forecasted Growth
  • Analysts are most optimistic on the Tech sector, expecting annual earnings growth of 36% over the next 5 years.
  • This is better than its past earnings decline of 33% per year.
  • In contrast, the Energy sector is expected to see its earnings decline by 36% per year over the next few years.

Top Stock Gainers and Losers

Which companies have driven the market over the last 7 days?

CompanyLast Price7D1YValuationSector
MAERSK B A.P. Møller - MærskDKK 17.82k12.7%
+DKK 29.0b		44.4%PE24.6xIndustrials
FLS FLSmidthDKK 530.505.4%
+DKK 1.5b		38.9%PE20.8xIndustrials
HLUN B H. LundbeckDKK 44.803.2%
+DKK 1.4b		16.7%PE11.9xHealthcare
NETC Netcompany GroupDKK 357.004.0%
+DKK 611.7m		19.5%PE57.6xTech
DNORD Dampskibsselskabet NordenDKK 315.406.5%
+DKK 538.6m		50.5%PE13.8xIndustrials
See more

Market Insights

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Latest News

HLUN B
DKK 44.80
H. Lundbeck
7D
3.2%
1Y
16.7%
VWS
DKK 173.40
Vestas Wind Systems
7D
-3.7%
1Y
60.2%
Narrative Update • Jun 04

VWS: Premium P/E Repricing Will Reflect Execution On Orders And Margin Profile

The Analyst Price Target on Vestas Wind Systems is adjusted slightly to DKK 196. Analysts cite updated assumptions on discount rates, revenue growth and profit margins, along with recent Street research that includes both target increases and rating changes.
NETC
DKK 357.00
Netcompany Group
7D
4.0%
1Y
19.5%
Narrative Update • Jun 04

NETC: Share Buyback And Margin Outlook Will Shape Future Repricing

Analysts have lifted their price target on Netcompany Group by DKK 5 to DKK 398, citing updated assumptions around discount rates, profit margins and forward P/E expectations. What's in the News Netcompany Group A/S has launched a share buyback programme of up to DKK 750 million, allowing the repurchase of up to 3,250,000 shares between 3 February 2026 and no later than 29 January 2027, with the aim of optimizing its capital structure and meeting share-based incentive obligations.
COLO B
DKK 383.70
Coloplast
7D
-3.1%
1Y
-39.1%
DANSKE
DKK 330.10
Danske Bank
7D
-2.2%
1Y
26.9%
DNORD
DKK 315.40
Dampskibsselskabet Norden
7D
6.5%
1Y
50.5%
New Narrative • Jun 03

Tanker Coverage And Aging Fleet Will Shape A Muted Outlook

Catalysts About Dampskibsselskabet Norden Dampskibsselskabet Norden operates a global dry cargo and tanker fleet, combining owned and chartered vessels to transport commodities for industrial customers. What are the underlying business or industry changes driving this perspective?
MAERSK B
DKK 17,815.00
A.P. Møller - Mærsk
7D
12.7%
1Y
44.4%
Narrative Update • Jun 03

MAERSK B: Red Sea Disruption And Buyback Plan Will Support Future Upside

Analysts have lifted the updated fair value estimate for A.P. Møller - Mærsk from DKK 15,882 to DKK 18,469, reflecting higher assumptions for revenue growth and profit margins, along with a lower future P/E in line with a series of recent price target increases across the Street. Analyst Commentary Recent research updates show a cluster of higher price targets and a key rating upgrade on A.P. Møller - Mærsk, which together signal a more constructive stance from several large firms.
NOVO B
DKK 283.85
Novo Nordisk
7D
-3.1%
1Y
-42.1%
CARL B
DKK 817.00
Carlsberg
7D
-5.2%
1Y
-12.9%
Narrative Update • Jun 02

CARL B: Portfolio Shift And Execution Risks Will Likely Keep Shares Rangebound

Carlsberg's analyst price target is updated to DKK 794.91 from DKK 784.65, as analysts factor in higher assumed revenue growth and profit margins, along with a slightly higher discount rate and a modestly lower future P/E. Analyst Commentary Recent research on Carlsberg shows a mix of optimism around portfolio shifts and more cautious views on what that means for valuation and execution risk.
FLS
DKK 530.50
FLSmidth
7D
5.4%
1Y
38.9%
GMAB
DKK 1,583.50
Genmab
7D
-7.1%
1Y
9.5%
TRMD A
DKK 181.90
TORM
7D
2.9%
1Y
61.2%
ORSTED
DKK 160.35
Ørsted
7D
-2.3%
1Y
-40.0%
DEMANT
DKK 252.20
Demant
7D
0.8%
1Y
-7.3%
DSV
DKK 1,611.50
DSV
7D
0.1%
1Y
0.3%
Narrative Update • May 23

DSV: Schenker Synergies And 2026 Guidance Will Support Repricing Potential

Analysts have modestly lifted the DSV fair value estimate to DKK 2,042.55, reflecting recent price target increases from banks such as Deutsche Bank, Citi, Morgan Stanley and JPMorgan, partly offset by a reduction from Wolfe Research. Analyst Commentary Recent Street research on DSV shows a mix of optimism and caution as analysts adjust price targets and ratings, contributing to a modest uplift in the aggregated fair value estimate.
NSIS B
DKK 367.10
Novozymes
7D
-1.4%
1Y
-23.3%